Connect with us

Features

KEY TO DEVELOPMENT IS COMMITTED AND ETHICAL LEADERSHIP

Published

on

BY OMAR KAMIL

The Presidential Election of 1988 was held amid fear of disruption and death threats to campaigners. During the election period, a curfew was in force from 11 pm to 5 am throughout the month from Nomination to Polling Day while the forces of disruption were also enforcing fear psychosis, causing shops, government institutions, offices, and even court houses to close regularly.

From Nomination Day, the candidates Prime Minister Ranasinghe Premadasa, Mrs. Sirima Bandaranaike and Mr. Ossie Abeygunasekara were conducting their election campaigns under heavy security. People were fearful of attending meetings, and attendance at most meetings was limited. The JVP did not run at this election.

Traveling to ‘Sirikotha’ in Battaramulla in the evening hours was a nightmare due to fear of being stopped by violent mobs who opposed the elections. Prime Minister Premadasa’s campaign headed by Mr. Sirisena Cooray held its meetings at the Colombo at Mayor’s residence while the General Secretary of the UNP, Mr. Ranjan Wijeratne, operated from Sirikotha in Battaramulla. Those present at the Mayor’s residence were, Messrs Sirisena Cooray, Jehan Cassim, Imran Markar, F. A. Yaseen, A. H. M. Azwer, Siridharan, myself, and a few others.

As a Municipal Councilor in Colombo, I was appointed co-ordinator of the Northern and Eastern Provinces while others were assigned to co-ordinate the other 25 districts. Due to the curfew, public meetings were held in the mornings and would end around 8.00 p.m. to enable people to get back to their homes before the curfew came into force.

Under these trying circumstances, Prime Minister Ranasinghe Premadasa launched his election campaign in Kandy at a meeting chaired by Hon, E.L. Senanayake MP. In view of the local people being unable to get involved in stage arrangements etc due to reprisals, party workers and supporters from Colombo decorated the stage and surroundings and participated at the meeting.

Election meetings were held throughout the country by the candidates, but under a cloud of uncertainty of disruption by those who opposed the elections. Despite all these threats and obstacles created by the JVP to discourage polling or casting of votes, the people braved the threats and voted in numbers for Mr. Premadasa, giving him over 50% of the total vote cast in the first count.

The economy of the country during this period was in dire straits as the JVP called for a boycott of Indian products and imports from India, disrupting the of Colombo Port with wildcat strikes and many shipping lines bypassed Colombo calling at neighboring ports instead. The conflict in the north and east of Sri Lanka was a further burden on the economy.

President Ranasinghe Premadasa assumed office on December 20, 1988, at a time when Treasury reserves had dwindled to a very low ebb and was barely sufficient to service three to four weeks of imports. Oil imports too could not be made as the establishment of Letters of Credit required at least two months requirement of foreign exchange to be held in the Treasury.

Upon assuming office, one of the first acts of the new president was to appoint Retired Deputy Governor of the Central Bank, Dr. H. N. S. Karunathilaka, as the Governor of the Central Bank of Sri Lanka, He was immediately sent off to Washington to finalize a Standby Agreement with the IMF (International Monetary Fund).

Although stringent conditions were laid by lending agencies such as the World Bank and International Monetary Fund, the president confidently renegotiated the terms and conditions of the agreement without burdening the people with additional taxes.

The Privatization Program of the IMF was effectively transformed to a people friendly “Peoplization” (a new word coined by the president) with the ownership of plantation lands being retained by the government in respect of the estates vested under the Land Reform Commission (LRC), Janatha Estate Development Board (JEDB) and Sri Lanka State Plantation Corporation (SLSPC). Nine Regional Transport Boards were established in all the Provinces and each Province was called upon to manage the transport services without seeking funds from the Treasury.

The requirement of the IMF to prune the numbers employed in the Government sector led to a Voluntary Retirement Scheme (VRS) being introduced through Treasury Circular 44/90, whereby those above 50-years of age could retire on pension.

The management of estates vested in the LRC were leased for 30 years to quoted Regional Plantation Companies with previous plantation management experience and this arrangement reduced the burden of the Treasury paying workers’ and staff wages and salaries hitherto funded by it.

All these innovative measures helped to reduce the burden on the Treasury and the economy began to pick up slowly. In order to increase Foreign Direct Investment (FDI), the President introduced a 200-garment factory program expanding the Free Trade Zone (FTZ) concept enabling factories located throughout the country to enjoy benefits previously restricted to areas under the Greater Colombo Economic Commission (GCEC) which was replaced by the Board of Investment (BOI).

This helped to locate factories even in the remotest parts of the country to provide employment to workers near their homes so that the wages they earned would be circulated in the village.

All these steps brought prosperity throughout the country and within a short period of two years, the foreign reserves which were barely sufficient for three weeks imports increased to five and a half months. In addition, incentives were given to the tourist industry to build hotels and resorts all over the country.

President Premadasa identified the best men for the jobs that needed to be done. Among them were Finance Secretary R. Paskaralingam, Secretary to the President K.H.J. Wijayadasa, Chairman BOI Lakshman Watawala, and retired civil servant Baku Mahadeva appointed to chair the National Development Bank among others.

Mr. Karu Jayasuriya, a successful businessman, was appointed to head the Government Owned Business Undertaking (GOBU) of United Motors Ltd which was vested in the state by the previous government. This institution was privatized and within a short period its shares were sold through the stock market. This innovation was a resounding success with the share prices trebling in the first month.

All these and many other innovative measures introduced by President Premadasa resuscitated the local economy despite of the conflict in in the North and East. In 1991, the JVP leaders and their cadres were arrested and peace was restored in the South of the country.

While the country was returning to normalcy and the economy being stabilized, foreign investors came here to be a part of developing Sri Lanka. Among them was the developers of the high-rise Twin Towers in the Colombo Fort.

With the JVP conflict brought under control, the President appointed a committee headed by Prof GL Pieris, Vice Chancellor of the University of Colombo, to submit a report on the youth unrest in the country. This report revealed that wherever poverty was at the highest, the insurrection was the most intense proving that one of the prime reasons for youth unrest was unemployment and poverty.

The US Quota for manufactured garments was distributed among factories countrywide and higher incentives granted to those located in the most remote areas as well as where the youth unrest was at its worst. Within a period of 18 months over 150 garments factories were in operation in many parts of the country including the Northern and Eastern Provinces.

Each factory was required to employ 500 female workers giving youth an opportunity to be employed in their own villages without trekking to the city. Prosperity started spreading throughout the country even to the remotest villages affected by both JVP and LTTE insurrections. The country was on the road to recovery, villages began to reawaken and progress and development was visible all around.

The president’s initiatives in other areas of development too were noteworthy. All projects commenced were monitored by officials specially assigned for the task. The president and his team ensured that they were completed and implemented within the stipulated time frame. President Premadasa brought about a total transformation in Sri Lanka. He was successful as he identified the right team of capable public officers to undertake a daunting task and ensure timely implementation.

The economic situation of Sri Lanka in 1988 with an ongoing North and East conflict coupled with JVP insurgency in other parts of the country was much worse than the economic crisis Sri Lanka faced in 2022/2023. Fortunately, astute leadership along with persons of integrity being appointed in the right place were the reasons that the country was able to come out of the crisis by 1990.

President Premadasa was not only able to win the hearts and minds of people of different communities but also won the confidence of the international community and funding agencies. This made top world business leaders and conglomerates come to Sri Lanka and invest here helping to rejuvenate the economy.

In today’s context, there’s much to learn from the recent history of Sri Lanka. It’s evident that even organizations like the IMF and other funding agencies are willing to engage in renegotiation of credit terms with leaders who can win their trust and confidence. This is crucial as it prevents the imposition of huge burdens on the people through increased taxes in various forms. It’s important to remember that the success of state-owned enterprises at that time was largely attributable to the appointment of professionals and skilled personnel assigned to manage various Institutions.

What the country lacks today is strong leadership with vision and determination to ensure that targets are met within set periods. President Premadasa had a commendable track record of identifying the right person for the job and constantly monitoring progress which ensured that projects were completed as planned.

Sri Lanka awaits a dynamic leader of vision to set the country right and develop its true potential. Hopefully, the necessary qualities will be available among those aspiring for the presidency later this year. Fortunately, Sri Lanka is not lacking in such talent; it’s just a matter of identifying and empowering them to lead effectively. The people now have the opportunity of electing leaders of the calibre of H.E. Ranasinghe Premadasa, a man of determination with a vision to develop the country, providing equal opportunities to all the people of the North, East, South and West.

(The writer was a senior local politician in Colombo who served both as Deputy Mayor and Mayor of Colombo in the nineties and a term as Ambassador to Iran)



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Features

The challenge of being positive about SAARC

Published

on

The RCSS forum addressed by SAARC Secretary General Ambassador Md. Golam Sarwar in progress. (Pic courtesy RCSS)

It was a few years back that a former President of Sri Lanka took it on himself to pronounce SAARC ‘dead’. Since then there have been other sections of Sri Lankan opinion that have joined the critics of SAARC and taken the solemn stance that SAARC has indeed died what may be called a natural death.

Their fatalism is understandable. SAARC has failed to meet at heads of government or state level for the past several years to take the SAARC process notably forward. Regional cooperation has more or less been only an appealing idea. No substantive concrete projects have taken off to make the idea a hard reality. ‘Inner paralysis’ seems to be SAARC’s lot. Hence the fatalism in these circles.

However, being one of the worst cash-strapped regions of the world and a teemingly populated one with people virtually left to their devices, what choices do the ‘SAARC Eight’ have other than to try their best to band together and continue with their cooperation efforts, however small they may be?

There is no escaping the mounting debt trap for many of these countries and bankrupt Sri Lanka is a glaring example, but ‘throwing in the towel’ and abandoning themselves entirely to the diktats of the strongest economies and their agencies will prove a ‘living death’ for many countries in the SAARC fold.

The gains may be meagre but giving-up on SAARC cooperation in full would prove self-defeating for the organization and South Asia. Right now, the collective intention ought to be to salvage what the region could from the tenuous cooperative efforts. Moreover, such initiatives could go some distance to generate a degree of goodwill among the Eight and help in sustaining a dialogue process.

Given this backdrop it proved ‘a stich in time’ for the Regional Centre for Strategic Studies (RCSS), Colombo, to recently host the SAARC Secretary General Ambassador Md. Golam Sarwar to a round table discussion on the unifying potential of SAARC and its future possibilities, besides other related issue areas.

Held on June 24th and moderated by RCSS Executive Director and former ambassador Ravinatha Aryasinha, the forum brought together a vibrant, wide ranging audience comprising academicians, diplomats, senior public servants, civil society activists and many others. Following the presentation by Ambassador Golam Sarwar titled, ‘Reigniting SAARC: Achievements, Challenges and the Way Ahead’, a lively Q&A followed.

The above forum could be described as an act of lighting the proverbial ‘candle’ rather than ‘cursing the darkness.’ It surely is a ‘darkness’ that could be seen as daunting considering that the region’s pivotal powers, India and Pakistan, are failing to act in a spirit of accord but are engaged in bitter finger-pointing on a number of questions of vital importance to SAARC.

On the other hand, what is the rest of the region doing to bring the above sides together? It is disappointing that to date the rest of SAARC has failed to launch a major diplomatic drive to bring peace between the feuding regional heavyweights. It needs to act without delay and establish its earnestness and this effort would need to prove SAARC’s staying power in the unfolding months and even years.

In assessing SAARC’s seeming failure local opinion in particular has failed to factor in what could be described as weak leadership. Since Sheikh Mujibur Rahman of Bangladesh, the founding father of SAARC, the region has failed to produce a visionary leader who could advance the SAARC cause with charisma and drive.

Among other reasons, weak leadership accounts considerably for the faltering and stuttering status, as it were, of SAARC. Badly needed are leaders who could go the extra mile, think less of narrow national interests and work diligently towards the collective well being of the region but SAARC’s millions of ordinary people have been made to wait in vain for leaders of such stature. Instead, they have been burdened with politicians who seem to be relishing the apparently moribund state of SAARC.

Looking back, it could be said that it was the dynamic leadership factor that led to the launching of the Non-Aligned Movement and for its sustenance for a few decades. True, it could be seen in some quarters that NAM is no more, but as in the case of SAARC, the former too has been unfortunate to be burdened over the years with politicians who lack the vision and drive to unflaggingly advance the fortunes of the South. NAM and SAARC lack the dynamism and vision of leaders of the stature of Jawaharlal Nehru, for example, to give them the required guidance and intellectual depth.

The reasons are complex for there not being among us currently political leaders with the vision and the steadfast commitment to advance the legitimate interests of the South. However, it could be stated with conviction that the majority of Southern leaders have too easily caved in to the demands of the global North and its financial agencies.

These leaders have failed to see, for instance, that the largely market economy oriented Northern governments would not view with favour a centrist economic model that attaches priority to the interests of the dis-empowered publics of the South. This realization ought to have dawned on the current government in Sri Lanka, for instance, some while ago but it has no choice but to abide by IMF dictates since economic survival at present is unthinkable without the latter’s succour.

Accordingly for SAARC this should be the time for some soul-searching. Priority needs to be attached to ending the feuding between India and Pakistan since at present the material fortunes of the region hinge largely on these regional giants giving peaceful relations among them a try. This is no easy challenge to meet but some daring, visionary diplomacy needs to take hold among the rest of SAARC.

There is some sense in SAARC bringing the peoples of the region together through programs that address their best collective interests. A meeting of minds among SAARC nations could enable SAARC and its agencies to build a region-wide people’s movement for progressive political and economic change that could in turn lead to the region’s political leaders sensitizing themselves more to the neglected needs of their publics.

However, the time is ‘now’ for the initiation of these progressive changes and the voice of SAARC well wishers would need to drown out those of their critics.

Continue Reading

Features

OPA seminar examines Sri Lanka’s economic recovery, resilience and growth pathways

Published

on

(L to R) Dr Achinthya Koswatte, Anushan Kapilan, Dr Harsha Aturupane, Bhanu Wijeyaratne, Vice President, OPA and moderator of the discussion, and Eng Chamil Edirimuny, General Secretary, OPA, at the head table.

A seminar, “Sri Lanka’s Economic Crossroads: Navigating Recovery, Resilience and Growth” was recently held by the Organisation of Professional Associations of Sri Lanka (OPA) at the OPA Auditorium, bringing together economists, OPA members, and professionals from diverse fields for an insightful discussion on Sri Lanka’s economic recovery and future growth prospects.

The event was held under the patronage of Jayantha Gallehewa, President of the OPA, and was jointly organised by the National Issues Committee (NIC) and the Seminars, Workshops and Programmes Committee of the OPA. The event reaffirmed the organisation’s commitment to advancing professional excellence, fostering insightful intellectual engagement, facilitating interdisciplinary knowledge exchange and creating a constructive platform for informed dialogue on issues of national importance.

The panel of speakers comprised Dr. Harsha Aturupane, Lead Economist and Programme Leader for Human Development at the World Bank for Sri Lanka and the Maldives; Dr. Achinthya Koswatta, Senior Lecturer in Economics at the Open University of Sri Lanka, and Anushan Kapilan, Lead Economist at Verité Research.

In his welcome address, the President of the OPA emphasised that Sri Lanka was at a critical juncture in its economic recovery journey where sustained reforms, effective implementation, and collective national commitment are essential to achieving long-term stability, resilience and inclusive growth. He noted that the country had experienced one of the most severe economic crises in its history with the economy contracting by 7.8 percent in 2022 and a further 11.5 percent in 2023, resulting in significant economic and social challenges.

Delivering his introductory remarks Bhanu Wijeyaratne, Vice President of the OPA and Chairman of the National Issues Committee, underscored the need to move beyond short-term economic stabilisation towards a comprehensive agenda of structural transformation. He observed that the economic crisis had revealed deep-rooted weaknesses within the economy, including persistent fiscal pressures, rising public debt, foreign exchange limitations, and insufficient diversification of the export base. He stressed that addressing these challenges through strategic reforms, institutional strengthening and long-term economic planning would be essential to establishing a more resilient and competitive economy.

While acknowledging recent positive developments, including improved inflation management, tourism recovery and signs of economic stabilisation, Wijeyaratne stressed the need to advance reforms aimed at strengthening fiscal discipline, enhancing productivity, improving competitiveness, developing human capital and reinforcing governance and institutional effectiveness.

He further highlighted the important role of professionals, businesses, academia and other stakeholders in contributing to evidence-based dialogue and supporting Sri Lanka’s journey towards a resilient, inclusive and sustainable economic future.

Delivering the keynote presentation, Dr. Harsha Aturupane provided a comprehensive assessment of Sri Lanka’s economic prospects within the broader context of global economic transformation. He argued that Sri Lanka functioned as a small open economy whose performance is significantly influenced by developments in the global marketplace. External factors could not be controlled, and the country must strengthen its domestic capacity and resilience to respond effectively to international economic shifts, he noted.

Tracing the evolution of global economic systems, Dr. Aturupane highlighted the transition from ideological divisions between state-controlled and market-oriented economies towards increasingly pragmatic approaches focused on growth, competitiveness and development. He noted that Sri Lanka’s own economic journey reflects a similar evolution, with contemporary policy debates now centred on practical solutions for sustainable economic progress.

The presentation also examined the transformative impact of globalisation. Dr. Aturupane observed that global economic integration had enabled several East Asian economies, including South Korea, Singapore, Taiwan and Hong Kong, to achieve remarkable economic advancement through export-led growth strategies. Sri Lanka similarly benefited from this process through the expansion of its apparel industry and increased integration into global value chains.

Turning to Sri Lanka’s recovery programme, Dr. Aturupane emphasised that the ongoing stabilisation process should be viewed as a national programme supported by the International Monetary Fund rather than solely as an IMF initiative. He observed that strong worker remittances, improved tourism earnings, enhanced government revenue mobilisation and prudent import management have contributed significantly to economic stabilisation.

Despite this progress, he cautioned that rebuilding foreign exchange reserves and meeting future debt obligations remain major challenges. He underscored the need to strengthen export performance, attract investment and generate sustainable foreign exchange earnings to ensure long-term economic resilience.

The discussion also focused on monetary stability, inflation management and exchange-rate policy. Dr. Aturupane stressed that maintaining price stability was fundamental to sustainable growth and household welfare, while sound monetary policy remains essential for preserving economic confidence.

Looking beyond stabilisation, he argued that Sri Lanka must transition towards a broader economic transformation agenda. Sustainable growth, he noted, will depend on expanding productive capacity through investment, technological advancement, innovation, skills development and structural reforms.

Among the key constraints identified was the high cost of energy, which continues to affect competitiveness and investment attractiveness. Dr. Aturupane emphasised the importance of improving efficiency and affordability within the energy sector to enhance Sri Lanka’s business environment.

He further highlighted the social dimensions of the crisis, noting the rise in poverty and economic vulnerability among households. Strengthening social protection systems and ensuring inclusive growth, he argued, must remain central components of the national development agenda.

Another critical challenge identified was Sri Lanka’s demographic transition. With an ageing population, outward migration and evolving labour market dynamics, the country is increasingly confronting labour shortages in several sectors. Dr. Aturupane suggested that greater automation, increased labour-force participation and strategic workforce planning would be necessary to address these emerging realities.

Concluding his presentation, he emphasised the need to improve governance, strengthen institutions, enhance competitiveness and create an enabling environment for private sector investment. Sri Lanka’s future success, he noted, will depend on its ability to move decisively beyond crisis management towards a development model founded on resilience, innovation, productivity and inclusive growth.

Dr. Achinthya Koswatta reiterated the importance of policy consistency and predictability in fostering investment and industrial development. She observed that frequent policy changes create uncertainty and discourage long-term investment decisions, whereas stable and coherent policy frameworks build confidence and support sustainable economic transformation.

Meanwhile, Anushan Kapilan highlighted the substantial progress achieved in restoring macroeconomic stability following the recent crisis. He noted significant improvements in fiscal performance, including increased government revenue, reduced reliance on debt financing and a historically low fiscal deficit.

He further observed that public debt levels are declining faster than anticipated, economic growth has exceeded expectations and inflation has been brought under control more rapidly than forecast. Nevertheless, he cautioned that the recovery remains uneven, particularly within the industrial sector and that many households have yet to experience a meaningful improvement in living standards.

The seminar was expertly coordinated by Eng. Chamil Edirimuni, Vice President of the OPA and Chairman of the Seminars, Workshops and Programmes Committee, while the technical moderation and interactive discussion session were facilitated by Bhanu Wijeyaratne, Vice President of the OPA and Chairman of the National Issues Committee.

The event was attended by Tisara De Silva, President-Elect of the OPA, Eng. Ravi Rupasinghe, General Secretary, Past Presidents, members of the Executive Council, representatives of the General Forum and professionals representing a wide range of disciplines.

The seminar concluded with a vibrant exchange of ideas and perspectives, reaffirming the importance of evidence-based policy dialogue, institutional collaboration and collective national commitment in advancing Sri Lanka’s economic recovery, resilience and sustainable growth.

Continue Reading

Features

Her roots run deep in Sri Lanka

Published

on

Samantha Kay: Now based in the UK Samantha’s biggest passion is helping people, especially women, build confidence and believe in themselves Today, her focus is on radio, podcasting and coaching women Whenever she visits Sri Lanka, she says she loves spending time on the beautiful south coast, especially Hikkaduwa and Mirissa She released a song with 90s music icon Angie Brown, which reached No. 9 in the UK Club Charts

Yes, for UK-based presenter and artiste Samantha Kay, home is where the heart – and the roots – are. And her roots run deep in Sri Lanka.

In an exclusive interview with The Island, Samantha says “I’m proud to be Sri Lankan. My mum is from Kandy and my dad is from Colombo, so Sri Lanka has always held a very special place in my heart.

“Whenever I visit Sri Lanka, I love spending time on the beautiful south coast, especially Hikkaduwa and Mirissa. It’s somewhere I always feel connected to my roots and completely at peace.”

Now living in Bournemouth, on the south coast of England, where, she says, she is lucky to be close to some of the UK’s most beautiful beaches, including the iconic Sandbanks, Samantha has built a career that refuses to fit into one box.

She is a radio presenter, podcast host, singer-songwriter, personal trainer and life coach.

“I genuinely love the variety because every role allows me to connect with people and, hopefully, make a positive difference in someone’s day.”

Of course, music has taken her far.

One of her proudest achievements, she says, was releasing a song with 90s music icon Angie Brown, which reached No. 9 in the UK Club Charts.

She also reached the final stages of The X Factor and performed at Wembley Stadium in front of thousands.

Beyond music, Samantha competed in bikini bodybuilding across the UK, winning several titles. “It taught me discipline, resilience and self-belief,” she recalls.

Today, her focus is on radio, podcasting and coaching women. Her podcast encourages people to live life on their own terms rather than feeling pressured to follow society’s expectations.

Says Samantha: “Whether someone is single, changing careers, travelling solo or simply trying to find their purpose, I want them to know that it’s never too late to create a life that feels authentic. If you’ve ever felt like you don’t fit into the box, maybe you were never meant to.”

Samantha Kay also spent a year in Dubai, performing at five-star hotels, including FIVE, and coaching at the iconic outdoor gym on Palm Jumeirah.

“I taught strength and conditioning classes, and hosted wellness retreats, combining my passion for music, health and inspiring others.”

However, with family matters calling her back to the UK, she made the choice to return. “Family comes first,” she says.

Looking ahead, Samantha plans to grow her radio and podcast work, release more music, and expand her wellness retreats.

“My biggest passion is helping people, especially women, build confidence and believe in themselves,” she says.

“Wherever my career takes me, I hope to continue inspiring others to live with courage, kindness and authenticity, while never forgetting my Sri Lankan roots.”

Continue Reading

Trending